Monthly Archives: <span>March 2006</span>

Booker T. Washington Insurance goes into receivership

Alabama-based Booker T. Washington Insurance Company has voluntarily submitted to being placed into receivership in Jefferson County Circuit Court, Commissioner Walter A. Bell announced. “I am pleased with the leadership of Booker T. Washington Insurance Com-pany for working with us …

Fla. Insurance Council to push mitigation efforts

FIC supports efforts to strengthen the Florida Uniform Statewide Building Code by requiring shutters, impact-resistant glass or other opening protections on all new construction where winds of 120 miles or greater have been calculated as likely during a hurricane. News …

W.Va.: $1.89M in workers’ comp claims outstanding

West Virginia Insurance Commissioner Jane L. Cline issued a reminder to West Virginia employers last week saying they will be subject to penalties and repercussions if they fail to pay workers’ compensation premiums. The West Virginia Insurance Commission released statistics …

NAMIC supports sunset of Fla. no-fault auto law

supports “Floridians for Lower Insurance Costs,” a coalition of concerned citizens, and opposes the reinstatement of the no-fault auto insurance law and will state its position to the Florida Legislature, which continues through May 5. Legislators began their sessions March …

NAMIC opposes bill’s renewal

FLA. NO-FAULT TO SUNSET IN 2007 W.Va. cites 1,794 employers TALKING TO STATE LEGISLATORS S.C., Fla. plan Big ‘I’ days Fla. Legislature in Session Insurance Council pushes mitigation, supports state-wide building codes W. Va. Commissioner Cline Reports to Big ‘I’ …

News Currents

Property issues to dominate Florida Legislature Measures aimed at improving the property insurance market dominated the insurance agenda as the Florida Legislature convened March 7, according to the American Insurance Associa-tion. Legislators will also debate whether to allow next year’s …

Legislative issues affecting insurance agents will be discussed by guest speaker Rep. Dennis A. Ross, D-Lakeland and other industry leaders during the March 29 to 30 Annual Legislative “Fly-In” being held in Tallahassee by the Florida Association of Insurance Agents. …

People

Seven Main Street America Group employees were inducted March 9 in Jacksonville, Fla. into the Circle of Excellence, an annual employee recognition program established in 1985. The winners were selected for their 2005 company achievements and contributions. Jason Hartman, claim …

DFS suggests Fla. homeowners reforms

The Florida Department of Financial Services in Tallahassee has announced a new round of homeowner-friendly insurance reforms to better protect and prepare Floridians for a catastrophic event, and to help them shop for property insurance. The new reforms, initiated by …

Florida auto no-fault claim costs hit double-digits

Seventy-one percent of PIP claimants had no disability resulting from their injuries in 2005, compared with 67 percent in 2002 and 66 percent in 1997. Florida personal injury protection claim costs (claimed economic losses and actual claim payments) increased at …